Founded in 2021, Covalo operates an ingredients discovery and data platform aimed at creating a shared system of record for the personal care industry. The platform connects over 1,500 ingredient suppliers with more than 6,000 brands across 145+ countries and enables real-time updates between suppliers' PIM systems and brands' R&D and PLM workflows. Covalo says a single product can require dozens of raw materials and many associated documents, and its neutral platform replaces emails, PDFs, and spreadsheets to streamline compliance, regulatory, and procurement workflows. The company reported platform engagement increased 84% in 2025, 1.3 million monthly interactions, and net revenue retention above 145%. It partners with industry organisations including TraceOne, Reed Exhibitions, and the B Corp Beauty Coalition. Covalo plans to expand enterprise offerings, add industry-specific AI agents, and enhance its platform with full product information management and master data management capabilities.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2026